Bitkub Aims for $200 Million Hong Kong IPO Amidst Thailand Market Decline and Rising Crypto Demand

Bitkub, a Thai crypto exchange, is pursuing an IPO in Hong Kong to capitalize on the growing cryptocurrency market there. The company’s plans follow a challenging environment in its home market, where the Thai SET Index has experienced significant declines this year. As Bitkub seeks new growth opportunities beyond Thailand, it’s shifting towards a more supportive regulatory landscape and increased crypto participation in the region.